Bright Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEWISVILLE, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 5 grants totaling $1.8M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.1M
+5876.9% YoY
Annual Giving
$1.8M
+9.9% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$359K
-34.1% YoY
Under IRS private-foundation payout rules, Bright Family Foundation reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Bright Family Foundation
Based on IRS filings
Bright Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEWISVILLE, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 5 grants totaling $1.8M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,050,445 | $84,500 | — |
| Revenue | $6,765,000 | $1,720,000 | — |
| Expenses | $1,799,055 | $1,635,500 | — |
| Qualifying Distributions | $1,799,055 | $1,635,500 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $24,981 | $1,815 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Children's Medical Center Foundation ($1,500,000), North Texas Food Bank ($125,000), Serve Lewisville Inc ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDREN'S MEDICAL CENTER FOUNDATION DALLAS, TX | TO FURTHER THE MISSION OF THE DONEE | $1,500,000 |
| DALLAS 24 HOUR CLUB DALLAS, TX | TO FURTHER THE MISSION OF THE DONEE | $15,000 |
| NORTH TEXAS FOOD BANK PLANO, TX | TO FURTHER THE MISSION OF THE DONEE | $125,000 |
| BIG BROTHER BIG SISTERS LONE STAR DALLAS, TX | TO FURTHER THE MISSION OF THE DONEE | $56,280 |
| SERVE LEWISVILLE INC LEWISVILLE, TX | TO FURTHER THE MISSION OF THE DONEE | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY K BEARDEN | TRUSTEE | 1 | — |
| VIRGINIA B KOONS | TRUSTEE | 1 | — |
| PARKER M BRIGHT | TRUSTEE | 1 | — |
| HARVEY R BRIGHT | TRUSTEE | 1 | — |
| JUSTIN C BRIGHT | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bright Family Foundation?
Bright Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEWISVILLE, TX. It holds $5.1M in total assets as of 2024.
How large is Bright Family Foundation?
As of 2024, Bright Family Foundation holds $5.1M in total assets with $6.8M in annual revenue. It awarded 5 grants totaling $1.8M in 2024.
Where does Bright Family Foundation operate?
Bright Family Foundation has awarded grants in Texas.
What size grants does Bright Family Foundation award?
In 2024, Bright Family Foundation awarded 5 grants totaling $1.8M — an average of about $359K per grant, based on its IRS Form 990 filings.
How much is Bright Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bright Family Foundation reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bright Family Foundation's EIN?
Bright Family Foundation's EIN (Employer Identification Number) is 92-1760586. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Bright Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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